Deputy Chairman of the World Capital Centre (WCC), Dr. Senaka de Silva declared that the WCC was 100 percent a private business, and as such, would be constructed solely with the funding of foreign direct investments. He proceeded to declare that not a single cent would be obtained from local banks. Deputy Chairman Dr. Senaka…
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in collaboration with the Integrated Reporting Council of Sri Lanka (IRCSL) recently launched ‘A Supplement to A Preparer’s Guide to Integrated Corporate Reporting’ in the presence of Mr. Richard Howitt, Chief Executive Officer of the International Integrated Reporting Council (IIRC). The supplement aims to…
SOM has won a competition to design a new district for Sri Lankan city Colombo, with a design featuring numerous skyscrapers, a marina, canals and a park, influenced by the country’s tropical climate. The finance and marina district masterplan was designed by SOM for CHEC Port City Colombo, which is looking to transform 269 hectares…
Sri Lanka Economic Summit 2017 which will focus on how the Lankan economy can be transformed from potential to realization has lined up 16 foreign speakers to bring in an international perspective to the discussion table. The eminent set of speakers, highly regarded in their respective work areas will share knowledge on Global Best Practices…
The Sri Lanka Gem & Jewelry Association announced the launch of the 27th edition of the FACETS International Gem & Jewelry Exhibition, on the 19th of July at a press conference held at the OZO in Colombo. To be held from the 31st of August to the 3rd of September at the BMICH, FACETS is…
Reuters – Sri Lankan shares fell on Wednesday to a one-month closing low, marking their sixth losing session in seven, led by the decline in Chevron Lubricants Lanka after it reported a drop in the June-quarter earnings. Chevron Lubricants stock lost 6.3 percent on Wednesday after the company reported a 34 percent fall in its…
The proposed Free Trade Agreement (FTA) between Sri Lanka and Singapore will be finalized this year, Foreign Minister Ravi Karunanayake said. The Minister pointed out the pre-requisites for the proposed trade agreement will be completed before the end of this year. Minister Karunanayake made these remarks addressing media after the bilateral discussions with visiting Singaporean…
NEW DELHI: A nine-day business conference to be held in September in Kochi, Kerala, has just moved to Sri Lanka, with the organisers coming around to the view that footing the goods & services tax (GST) rate of 28% for the event is way too much than paying taxes in hotels in the neighbouring country….
Singer Sri Lanka created a new milestone in logistics capability when His Excellency President Maithripala Sirisena ceremonially opened the Company’s massive 75,000 sq.ft. Logistics Hub in Dambulla last week. The Chief Incumbent of the venerated historical Buddhist temple in the area, religious clergy representing all major religions in Sri Lanka, Cabinet Ministers – Hon. John…
Sri Lanka’s proposed mega development projects such as the Western Region Megapolis, Hambantota Logistics and Industrial Zone and also the ongoing Colombo Port City will come under focus at the upcoming Sri Lanka Economic Summit 2017. In a session titled, ‘Realizing the Potential of Mega Development Projects,’ speakers, will share insights on the significant opportunities,…
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